Donald Trump Pressures the Federal Reserve for Major Rate Cuts
In an unusual move, President Donald Trump sent a handwritten note to Federal Reserve Chair Jerome Powell, demanding deep interest rate cuts.
The note reportedly read:
“Jerome, you are, as usual, too late. You’ve cost the USA a fortune and continue to do so. You should lower the interest rate — by a lot! Hundreds of billions of dollars lost.”
Trump’s Demands
• Significant Rate Cuts: A push for aggressive easing to stimulate U.S. economic growth.
• Global Benchmarking: Trump highlighted lower interest rates in countries like Switzerland (0.25%) and Japan (1.75%), arguing that the U.S. risks losing competitiveness.
Federal Reserve’s Position
• Holding Course: The Fed has not issued a direct response, stressing that monetary policy remains data-driven rather than politically influenced.
• Focus on Stability: Officials emphasize preventing unnecessary volatility over making rapid shifts.
Market Snapshot
• $TRUMP
• $AR
• $WLD
With political pressure building and markets on edge, traders are preparing for heightened volatility.
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